This area covers when people transfer ownership of a home or other property between family members, whether as gifts, removals of joint ownership, or changes to ownership shares. It includes ensuring the transfer is properly drafted, registered at the Land Registry, and that any tax or duty implications are addressed. A solicitor in this area handles drafting the transfer deed or declaration of trust, checks for any mortgage implications, and coordinates with the lender and the registry to complete the change in ownership.
Where a solicitor protects your position
Transferring property can affect ownership rights, tax positions, and the ability to borrow or stay in the home. A solicitor provides careful guidance on the consequences of gifting or transferring, helps avoid inadvertent loss of rights, and ensures the correct registration and documentary compliance, including any Stamp Duty/Land Tax considerations, mortgage implications, and recording the change with the Land Registry.